If you own a business, the audit can sometimes feel like a time-consuming and expensive process that only benefits the statutory authorities, however aside from the importance of the legal requirements for audit, the undertaking of the audit itself provides important and valuable insight. We make sure all your onerous reporting requirements are met as painlessly as possible.
1. Statutory Audits - Audit of accounts in accordance with the Companies Act, Income Tax Act , Goods and Service Tax Act etc.
2. Internal Audits - Comprises of periodic review of internal control systems, accuracy of accounting and ensuring statutory compliances.
3. Concurrent Audits - Ensuring the real time transaction verification procedure for large organizations like Banks, PSUs etc.
4. Due Diligence Audits - Analyzing the financial health and performance of the organization on behalf of outsiders.
5. Forensic Audit - Examination and evaluation of financial records to derive evidence that can be used in a legal proceeding.
6. Management Audits - Assuring the effectiveness of management, utilization of organizational resources, budgeting procedures and accomplishment of goals.
7. Operational Audit - To test a company’s systems and procedures used to produce its goods and services.
8. Compliance Audit - Transfer Pricing Regulation, VAT Audit, Service Tax Audit, Tax Audit.
9. Objective Audit - Review a particular area of an organization and report to the Management.